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~) That such assessment shall be payable in equal
<br />annual i,~.!'ments extending over a period of three years, the
<br />first ~i ~h, ins~all~,,ents to be payable on or before the first
<br />Mond~y i~ .iznuary, 1988 and shall bear interest at the rate of
<br />8.60 pe~ ~ ,~,~ annum from the date of the adoption of this
<br />assess~n~ , ~..qoiution. To the first installment shall be added
<br />J. nte~e~;t ~',~ the entire assessment from the date of this
<br />reso.lu~ io~ ~nt il Dec~mber 31 , 1988. To each subsequent
<br />instal]~,,~[ '~.hen due shall be added interest for one year on all
<br />unpaid
<br />
<br /> ,~ rha. g the owner of any property so assessed may, at
<br />any ti~,c i~ ic~r to certification of the assessment to the Anoka
<br />County A~.. it_c,.'~ pay the whole of the assessment on such property,
<br />with jnt,~,~;~ accrued to the date of payment, to the City Finance
<br />Depar't~,,~ ~ > except that no interest shall be charged if the
<br />entire a:~.s~;smc-~t i.s paid within 30 days from the adoption of
<br />this ~..~;;.~1 ,~ ~ c-n; and he may, at any time thereafter, pay to the
<br />Ci. ty Fi~,v,-~, Department the entire amount of the assessment
<br />remainl.',L ~.~,*/'~ai¢], with interest accrued to December 31 of the
<br />year i~ wi',ich s~ch payment is made. Such payment must be made
<br />before !>~ ~i~,er [0, 1987, or interest will be charged through
<br />Decembe~ '~i ~.f ~he next succeeding year.
<br />
<br /> "~) .'ha~ the .C~ ty Administrator shall forthwith
<br />transmi~ ~ ,'~rt~fied duplicate of this assessment to the Anoka
<br />County A~.,ii~:~;.~ ,ff~ce to be extended on the proper tax lists of
<br />the Cou~iF~ ~,~d such assessments shall be collected and paid over
<br />in the ~a~.~.~ ~,~'~ a'~r as other municipal taxes.
<br />
<br />The mc, ti(,>~ l~,c the adoption of the foregoing resolution was duly
<br />second~f I ~ .Jouncilmember Pearson and upon vote being taken
<br />thereon~. ~!~' ! ~i]owi.n.g voted in favor thereof:
<br />
<br /> e i mann
<br />:i l member Cox
<br /> 1 m,~_mb e r DeI,uca
<br /> lmember Pearson
<br /> member Sor'teberg
<br />
<br />and the i,'~ I,.~.,:~g voted against the same:
<br />
<br />and tl,a .i!(,7~ i. ~;,~ ~g abft, aJned:
<br />
<br />and the ~',~_' [ ),:.:~ ~v;, we~'e absent:
<br />
<br />Resolution #87-228
<br /> Page 2 of 3
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